Invest Yourself

Yesterday was madness. Was there anything that changed so significantly over the weekend that we deserved to see the market gain 263 points? no not at all. They loved the idea that the Chinese might act to add stimulus to their housing and construction markets, and they reacted to the supposed increase in business activity that would bring.

But my question all day long was this.... "is this a one day wonder, or does it have real legs?" The jury was out and still is to some extent.

First a quick note... this Sunday's edition of our free newsletter is posted at investyourself.com, and I invite you all to stop by and check it out. We discuss the FACT that the world is rapidly running away from the US dollar and US control over the global finances of other nations. I think you'll find it interesting.

One of the themes I’ve been suggesting for almost 6 years now is the concept that a lot of the world is quite tired of the US, and is trying to break away. Now, for the average flag waving American Patriot, what I’m saying borders on treachery and treason. Hey, I get it. But let’s face some facts.

Before we get into some “proof’ of the world moving away from the US, let’s just spend a minute contemplating our role in the world over the last couple decades. We’ve been caught spying on the Germans. Our NSA has admitted to recording everyone’s phone calls and emails. We’ve fomented wars in foreign lands. If the world doesn’t toe the US line concerning finance, we tend to overthrow them, fine them, or blockade them.

Good morning everyone, welcome back from your weekend. I hope it was a good one for you all!

Every once in a while the weather cooperates for you and yesterday was one of those days. For the past 3 days it has been cool in Florida and yesterday was one of those picture book days you see in travel publications. The wife and I did our weekly bike ride to the beach, where it was a perfect 70 degrees, literally not a cloud in the sky and light breezes. We were lucky enough to see some dolphins and a Manatee playing in the surf. What a great day...I wish they were all like that.

Yesterday they got us well off the lows of the day and for a brief period we were actually green for a few minutes. But it couldn't hold, and we drifted into the close with the DOW off about 40 points. That makes 4 session in a row where the DOW and the S&P ended red on the day. That's certainly not out of the realm of ordinary, but each day that goes by, now increases the odds of a quick snap back.

Over the course of human history there’ve been quite a few people that have called for the end of the world, the end of civilization, the end of humanity, you name it. Yet here we are on March 24 and the sun came up, folks ate breakfast and for the most part, life goes on.

Likewise there’s been no shortage of folks calling for all manner of doom and gloom over the years. I cannot count on both hands how many people have called for financial collapse, global financial Armageddon, and populations reduced to eating bugs in their front yards to survive. Yet this morning the traffic on Rt. 75here in Sarasota is horrendous as people flock to the beaches, the bars, the eateries and to work.

For months I've been talking about an "event" happening, that changes things in a big way. I didn't and still don't know what that exact event might be. But today we see that Saudi Arabia has begun air strikes on Yemen, and that certainly has the ability to escalate into something quite large. Basically this is a "proxy" war between the Saud's and Iran, and Yemen is the playing field.

Yesterday afternoon the market was acting poorly, causing us to write the following.. "This "could" roll over folks. I'm not saying it will, only because they're fighting tooth and nail to keep it from happening and Central bank money is obviously endless... but we're pretty weak here." Well, an hour after penning that, the market did indeed "roll over" and we ended the day down about 104 points.

First off I want to just offer up a prayer for the families that will be suffering this morning as reports of a jet liner crash in Europe has probably taken the lives of all 150 people on board. That's a reminder of how fragile life can be, and it saddens us to the core.

Did you know that a retired General was on FOX network saying that we should kill Russians? Did you know the UN is preparing a document that lays out how to restructure the debt in all the nations buried under debts they can never pay? Or, how about the fact that despite lying to us about sending arms to Ukraine, we've been sending tens of millions worth of equipment there? Did you know that the military is preparing a five state "drill" in towns across the Southwest to simulate terror reaction?